There are latest gst notifications 2022 issued in July-2022 and certain changes in gst have been made. Notification No 09/2022, 10/2022, 11/2022, 12/2022, 13/2022 and 14/2022 of Central Tax have been issued on 05/07/2022. All these notifications are taking place from 05.07.2022. In this article the changes in GST by these notifications have been presented in summary form. Information about changes in GST by notification 14/2022 Central tax will be given in the next article . So lets have information on the latest gst updates.
Transfer of amount between electronic cash ledger now possible from one GSTN to another GSTN of same PAN
How to use electronic cash ledger in GST is very common question for many people. But here good news is that uses of electronic cash ledgers have more enlarged by the latest gst notification no 09/2022 Central Tax dated 05.07.2022
From 05.07.2022, it will be now possible to transfer amount from one Electronic Cash Ledger to another Electronic Cash Ledger between the distinct person.
In simple words, where there are more than one GSTN in same PAN, then tax can be transferred from Electronic Cash Ledger of one GSTN to Electronic Cash Ledger between the distinct persons.
Clause (c) of Section 110 of Finance Act, 2022 is given effect w.e.f 05.07.2022 by Notification 09/2022 Central Tax dated 05.07.2022
No interest proceedings for Ineligible ITC availed but not utilised in GST
Reversal of ITC wrongly availed but not utilised will not result in payment of interest now. Now the interest on wrongly availed ITC will be charged only if it is utilized. Means if it remains un utilized, then there is no question of interest. The good news is that this amendment has been given effect retrospectively from 01.07.2017. This amendment has come into force from 05.07.2022 as notified by the Notification 09/2022 Central Tax dated 05.0.2022
Section 111 of Finance Act, 2022 is given effect w.e.f 05.07.2022 by Notification 09/2022 Central Tax dated 05.07.2022
Applicability of Annual return under GST for financial year 2021-22
GST annual return limit has now been announced in gst annual return exemption notification 10/2022 Central Tax dated 05.07.2022. So as per this latest gst update, Annual return filling will not be applicable to registered persona whose aggregate turnover in the financial year 2021-22 is up to Rs 2 crore
Notification 10/2022 Central Tax dated 05.07.2022
CMP-08 Return Filing Due Date For April To June 2022 extended
Due date of CMP-08 for April to June -2022 has been extended. So lets understand it by following chart.
Time limit for filling CMP-08 has been extended as under
| Form | Period | Due Date | Extended Due Date |
| CMP-08 | April to June 2022 | 18/07/2022 | 31/07/2000 |
Composition scheme in gst is applicable to taxpayers having prescribed turnover limit. Taxpayers availing the benefit of composition scheme under Section 10 of CGST Act 2017 are require to file CMP-08 containing details of self-assessment tax for every quarter and are required to file annual return in GSTR-4.
Notification 21/2019 Central Tax dated 23.04.2019 has been amended by Notification 11/2022 Central Tax dated 05.07.2022
Late fee for delaying GSTR-4 of FY 2021-22 waived off until 28th July, 2022
- GSTR-4 is filed by Composite tax payer
- Due date of filling GSTR-4 for F.Y 2021-22 was 30.04.2022
- GSTR-4 late fees waiver have already been given by government by issuing notification.
- Now some more relaxation in late fees given as under
Before the amendment
| Form | Period | Due Date | Not late fees |
| GSTR-4 | 2021-22 | 30.04.2022 | No late fees if GSTR-4 is filed till 30.06.2022 |
Arter the amendment
| Form | Period | Due Date | Not late fees |
| GSTR-4 | 2021-22 | 30.04.2022 | No late fees if GSTR-4 is filed till 28.07.2022 |
Lat’s understand in detailed
Not no late fees would be applicable for the period 01/05/2022 to 28/07/2022. Means for this period late fees will not be counted. In other words, late fees would not be applicable even if GSTR-4 is filed after its due date 30.04.2022 but on or before 28/07/2022. If GSTR-4 is filed after 28/07/2022, then late fees would be charged from 29/07/2022.
Notification 73/2017 Central Tax dated 29.12.2017 has been amended by Notification 28/07/2022 effective from 05/07/2022.
Time limit to issue order under GST for 2017-18
- Show cause notice is issued under Section 73(1) of CGST Act 2017 in normal case other than fraud, suppression etc.
- After consideration the representation of tax payer, proper officer issued order under sub section 9 of section 73 of CGST Act 2017
- This order is to be issued withing three years from the due date of annual return of relevant financial year
- Now time limit to issue such order for the F.Y 2017-18 has been extended as under
Time limit to issue order extended
| Year | Due Date of Annual return | Due date of issue of order | Extended due date of issue of order |
| 2017-18 | 05/02/2020 (For certain sates including Gujarat) | 05/02/2023 (See note-1) | 30/09/2023 |
Time limit to issue Show Cause Notice under GST for Financial Year 2017-18 extended
Time limit to show cause notice extended as under
| Year | Due Date of issue of SCN | Extended due date of SCN |
| 2017-18 | 05/11/2022 | 30/06/2023 |
Time limit to issue of orders for recovery of erroneous refund under GST extended for 2017-18
- Now time limit to issue such orders for erroneous refund extended as under
| Year | Due Date of Annual return | Due date of issue of order | Extended due date of issue of order |
| 2017-18 | 05/02/2020 | 05/02/2023 | 05/02/2025 |
Time limit for GST refund application extended
- Refund application under GST time limit has been given under Section 54 of CGST Act, 2017
- Under Section 54, refund can be clamed within 2 years from the relevant date
- Now while computing this period, period from 01.03.2020 to 28.02.2022 will be excluded.
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